Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.44 Per Share

  Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.44 Per
  Share

Business Wire

SEATTLE -- November 5, 2013

Plum Creek Timber Company, Inc. (NYSE:PCL) today announced a quarterly cash
dividend of $0.44 per share. The dividend is payable on November 27, 2013 to
shareholders of record as of November 15, 2013.

Plum Creek’s dividend is expected to be characterized as long-term capital
gain income primarily because the income generated by the sale of Plum Creek’s
timber is considered long-term capital gain. As such, Plum Creek’s dividend is
expected to be taxed at a capital gain rate of 20 percent for most U.S.
taxpayers.

Plum Creek is among the largest and most geographically diverse private
landowners in the nation with approximately 6.3million acres of timberlands
in major timber producing regions of the United States and wood products
manufacturing facilities in the Northwest. For more information, visit
www.plumcreek.com.

Contact:

Plum Creek Timber Company, Inc.
Investors:
John Hobbs, 1-800-858-5347
or
Media:
Kate Tate, 1-888-467-3751
 
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